ComBus Technologies
ActiveSummary
ComBus Technologies has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €234,127. Equity has been growing by about 22% per year since 2018. Its solvency ranks better than 61% of 1,682 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-07-2018 Normal situation
- Activity
- Computer programming NACE 62100
- Joint committee
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.279.216.225 8020 Oostkamp, since 01-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
Board
- Roadmaster ManagementChair · permanent representative Philip VERCRUYSSE
- Beheers- en Advieskantoor Van Vaerenbergh en CoDirector · since 23-12-2023 · permanent representative VAN VAERENBERGH Ivo Nestor Coleta
- COMSDirector · since 23-12-2023 · permanent representative Bailliu Rik
Shareholders
- Entropia Investments100%2025 annual accounts of Entropia Investments
- Philip Vercruysse0.01%annual accounts 2021
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.3%
Annual accounts 2025
- Gross margin
- €1.3m
- ▼ 7.9%
- Turnover
- ≈ €2.2m
- estimated
- Profit
- €234,127
- ▼ 21.3%
- Equity
- €1.4m
- ▲ 19.7%
- Total assets
- €2.8m
- ▲ 4.0%
- Employees on 31-12-2025
- 8
- =
Filed on 24-07-2026, 7 days before the deadline
Score breakdownraises riskLiquidity: current ratio 2.26, cash €696lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Figures for financial year 2025 (filed on 24-07-2026)Profit of €234,127 (financial year 2025)Show the evidence
Checked score
Score 2025
85
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 40% of micro companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Strong
Solvency
75+6
equity 50.4% of total assets
Liquidity
35+4
short-term debt 34.1% · cash 0.0%
Profitability
79+21
return on assets 8.3%
Bankruptcy probability within 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.4%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.7%▲ +0.1 percentage points vs 06-2025
08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.8 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.4%▲ +0.1 percentage points vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.5%▲ +0.1 percentage points vs 06-2026
08-2026: 0.3%▼ -0.2 percentage points vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.26 (1.78 in 2024), above the usual 1.5. Short-term debt is 34.1% and cash 0% of total assets. 49.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro). It does better than 43% of them on solvency, 14% on liquidity, 39% on profitability and 65% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
7 days early
2024
on the day
2023
on the day
2022
3 days early
2021
4 days early
2020
1 day early
2019
102 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 24-07-2026 at the NBB all 8 filings
Turnover
≈ €2.2m
Estimated: probably between €1.7m and €2.7m
EBIT margin
Not included in this filing
Net result
€234,127▼ 21.3%
2024 · €297,405
Working capital
€1.2m▲ 44.3%
2024 · €842,638
In the rankings
#6 company by equity in Oostkamp, Telecoms and IT sector#8 company by total assets in Oostkamp, Telecoms and IT sector
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 40% lower than in 2024.
Operating result€0.4m
2025
Net result€0.2m
2025
Total assets€2.8m
2025
Equity€1.4m
2025
Debt€1.4m
2025
Working capital€1.2m
2025
Return on assets (ROA)8.3%
2025
Solvency50.4%
2025
Current ratio2.26
2025
Staff (FTE)7.8
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.1m-€0.3m▲ 179%€0.3m▼ 16.2%€0.3m▲ 2.0%€0.1m▼ 45.7%€0.2m▲ 48.0%€0.7m▲ 227%€0.4m▼ 40.1%
Net result€0.1m-€0.2m▲ 119%€0.1mabove the sector's middle half▼ 41.7%€0.2mabove the sector's middle half▲ 39.4%€0.05mwithin the sector's middle half▼ 71.0%€0.09mwithin the sector's middle half▲ 58.9%€0.3mabove the sector's middle half▲ 245%€0.2mwithin the sector's middle half▼ 21.3%
Equity€0.2m-€0.4m▲ 117%€0.6mabove the sector's middle half▲ 31.4%€0.7mabove the sector's middle half▲ 33.3%€0.8mabove the sector's middle half▲ 7.2%€0.9mabove the sector's middle half▲ 10.7%€1.2mabove the sector's middle half▲ 33.5%€1.4mwithin the sector's middle half▲ 19.7%
Total assets€4.3m-€4.1m▼ 5.0%€3.0mabove the sector's middle half▼ 27.2%€3.0mabove the sector's middle half▲ 1.1%€2.9mabove the sector's middle half▼ 4.0%€2.5mabove the sector's middle half▼ 12.4%€2.7mabove the sector's middle half▲ 6.4%€2.8mwithin the sector's middle half▲ 4.0%
Debt€4.1m-€3.7m▼ 10.9%€2.4m▼ 34.0%€2.3m▼ 6.4%€2.1m▼ 7.6%€1.7m▼ 21.3%€1.5m▼ 8.2%€1.4m▼ 8.3%
Working capital-€0.9m-€0.04m€0.4mabove the sector's middle half▲ 12×€0.1mwithin the sector's middle half▼ 71.6%€0.6mabove the sector's middle half▲ 406%-€0.04mbelow the sector's middle half€0.8mabove the sector's middle half€1.2mwithin the sector's middle half▲ 44.3%
Solvency4.6%-10.4%▲ 5.8pp18.7%within the sector's middle half▲ 8.4pp24.7%within the sector's middle half▲ 6.0pp27.6%within the sector's middle half▲ 2.9pp34.9%within the sector's middle half▲ 7.3pp43.8%within the sector's middle half▲ 8.9pp50.4%within the sector's middle half▲ 6.6pp
Current ratio0.74-1.02▲ 0.281.61within the sector's middle half▲ 0.591.11within the sector's middle half▼ 0.501.61within the sector's middle half▲ 0.510.97below the sector's middle half▼ 0.641.78within the sector's middle half▲ 0.802.26within the sector's middle half▲ 0.49
Return on assets (ROA)2.4%-5.6%▲ 3.2pp4.5%within the sector's middle half▼ 1.1pp6.2%within the sector's middle half▲ 1.7pp1.9%within the sector's middle half▼ 4.3pp3.4%within the sector's middle half▲ 1.5pp11.0%within the sector's middle half▲ 7.6pp8.3%within the sector's middle half▼ 2.7pp
Staff (FTE)5.2-5▼ 3.8%5.1within the sector's middle half▲ 2.0%5within the sector's middle half▼ 2.0%5within the sector's middle half=5.4within the sector's middle half▲ 8.0%6.7within the sector's middle half▲ 24.1%7.8within the sector's middle half▲ 16.4%
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.8m
Fixed assets
€638,909 ▼ 18.2%
Current assets
€2.2m ▲ 13.0%
Equity and liabilities €2.8m
Equity
€1.4m ▲ 19.7%
Debt
€1.4m ▼ 8.3%
Debt's share of the balance-sheet total falls from 56.2% to 49.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€578,439▼
2024 · €844,093
Cash flow
€410,349▼
2024 · €469,466
Debt to equity
0.98▼
2024 · 1.28
ROE
16.5%▼
2024 · 25.1%
Interest coverage
7.56▲
2024 · 3.05
Debt ≤ 1 year
€961,338▼
2024 · €1.1m
Debt > 1 year
€425,000=
2024 · €425,000
Income taxes
€91,587▼
2024 · €118,035
Staff costs
€707,503▲
2024 · €551,602
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 8 | 8 |
| full-time | 5 | 5 | 5 | 7 | 7 |
| part-time | - | 0 | 0 | 1 | 1 |
| in full-time equivalents | 5 | 5 | 5 | 7.8 | 7.8 |
| Average over the year, in full-time equivalents | 5 | 5 | 5.4 | 6.7 | 7.8 |
| On a permanent contract | 5 | 5 | 5 | 8 | 8 |
| Joined | - | - | 1 | 3 | - |
| Left | - | - | 1 | 0 | - |
| Training hours | - | 5 | 40 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €1.3m | €1.2m | €1.2m | €566,101 | €440,375 |
| Pledge on the business | €1.7m | €2.9m | €2.9m | €2.9m | €2.9m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,033 | - | €3,314 | €10,890 | €34,519 |
| Intangible fixed assets | €402,461 | €88,868 | - | - | - |
| Depreciation and write-downs of the year | €514,833 | €550,735 | €343,740 | €172,062 | €176,222 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 · 1 entry · €527 awarded · €527 paidComparable companies
These companies have the same main activity as ComBus Technologies: computer programming (NACE 62100). They are comparable in size and age: total assets between €2.2m and €3.4m, founded between 2016 and 2020.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| ComBus Technologies Oostkamp | 2018 | €2.8m | €1.4m | €1.3m | €0.2m | 7.8 | 2025 |
| Whale Ronse | 2018 | €2.2m | €1.5m | €1.2m | €0.2m | 7.1 | 2025 |
| IVEX Leuven | 2017 | €2.8m | €2.6m | €1.5m | €0.8m | 6.1 | 2025 |
| Ingenix Tielt | 2019 | €2.2m | €0.4m | €1.2m | €0.1m | 10.8 | 2025 |
| constellr Belgium Liège | 2020 | €2.7m | €0.8m | €1.3m | €0.3m | 6.8 | 2025 |
| Infrasoft Gent | 2016 | €3.4m | €0.6m | €1.1m | €0.003m | 7 | 2025 |
| MORO TECHNOLOGY Elsene | 2020 | €3.0m | €1.5m | €1.2m | €0.3m | 5.3 | 2025 |
They were chosen from the 9,111 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 26,972 companies had the same profile as ComBus Technologies has now. Two years later, 1.6% had gone bankrupt and 94.9% were still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
94.9%
was still going
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of ComBus Technologies itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for ComBus Technologies. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.4m | €0.4m | €0.5m | €0.6m | €0.7m | ▲ 28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.3m | €0.2m | €0.2m | ▲ 2.4% |
| Other operating charges640/8 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | ▼ 18.5% |
| Gross operating margin9900 | €0.7m | €1.1m | €1.1m | €1.1m | €1.1m | €1.0m | €1.4m | €1.3m | ▼ 7.9% |
| Operating profit (loss)9901 | €0.1m | €0.3m | €0.3m | €0.3m | €0.1m | €0.2m | €0.7m | €0.4m | ▼ 40.1% |
| Financial income75/76B | - | - | - | €0.04m | €0.003m | €0.04m | €0.02m | €0 | ▼ 100% |
| Recurring financial income75 | €0.06m | €0.008m | €0 | €0.04m | €0.003m | €0.04m | €0.02m | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €0.07m | €0.06m | €0.1m | €0.3m | €0.08m | ▼ 72.4% |
| Recurring financial charges65 | €0.06m | €0.08m | €0.07m | €0.07m | €0.06m | €0.1m | €0.3m | €0.08m | ▼ 72.4% |
| Profit (loss) for the period before taxes9903 | €0.1m | €0.2m | €0.2m | €0.2m | €0.08m | €0.1m | €0.4m | €0.3m | ▼ 21.6% |
| Income taxes67/77 | - | €0.001m | €0.04m | €0.04m | €0.02m | €0.04m | €0.1m | €0.09m | ▼ 22.4% |
| Profit (loss) for the period9904 | €0.1m | €0.2m | €0.1m | €0.2m | €0.05m | €0.09m | €0.3m | €0.2m | ▼ 21.3% |
| Profit (loss) for the period to be appropriated9905 | €0.1m | €0.2m | €0.1m | €0.2m | €0.05m | €0.09m | €0.3m | €0.2m | ▼ 21.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €4.3m | €4.1m | €3.0m | €3.0m | €2.9m | €2.5m | €2.7m | €2.8m | ▲ 4.0% |
| Fixed assets21/28 | €1.8m | €2.2m | €1.9m | €1.7m | €1.3m | €0.9m | €0.8m | €0.6m | ▼ 18.2% |
| Intangible fixed assets21 | €0.9m | €1.3m | €1.0m | €1.0m | €0.6m | €0.3m | €0.2m | €0.06m | ▼ 64.0% |
| Tangible fixed assets22/27 | €1.0m | €0.9m | €0.8m | €0.8m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €0.8m | €0.7m | €0.6m | €0.6m | €0.6m | ▼ 4.6% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.002m | €0.001m | €0.007m | €0.007m | ▼ 1.8% |
| Current assets29/58 | €2.5m | €1.9m | €1.1m | €1.3m | €1.6m | €1.6m | €1.9m | €2.2m | ▲ 13.0% |
| Amounts receivable after more than one year29 | - | - | - | €0.3m | €0.8m | €0.8m | €0.04m | €1.1m | ▲ 24× |
| Other amounts receivable291 | - | - | - | €0.3m | €0.8m | €0.8m | €0.04m | €1.1m | ▲ 24× |
| Stocks and contracts in progress3 | €0.05m | €0.001m | €0.001m | - | €0.009m | €0 | - | - | - |
| Stocks30/36 | - | - | - | - | €0.009m | €0 | - | - | - |
| Amounts receivable within one year40/41 | €1.4m | €1.8m | €0.3m | €0.9m | €0.8m | €0.7m | €1.9m | €1.1m | ▼ 40.9% |
| Trade receivables40 | - | - | - | €0.9m | €0.8m | €0.7m | €1.9m | €1.1m | ▼ 40.9% |
| Other amounts receivable41 | - | - | - | €0.001m | €118 | €152 | €0.001m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €65 | €103 | €0.001m | €57 | €27 | €0.02m | €0.001m | €0.001m | ▼ 36.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.009m | ▼ 35.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €4.3m | €4.1m | €3.0m | €3.0m | €2.9m | €2.5m | €2.7m | €2.8m | ▲ 4.0% |
| Equity10/15 | €0.2m | €0.4m | €0.6m | €0.7m | €0.8m | €0.9m | €1.2m | €1.4m | ▲ 19.7% |
| Contributions10/11 | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Capital10 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Issued capital100 | - | - | - | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | = |
| Reserves13 | €0.1m | €0.3m | €0.5m | €0.7m | €0.7m | €0.8m | €1.1m | €1.3m | ▲ 21.4% |
| Non-distributable reserves130/1 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Legal reserve130 | - | - | - | €0.009m | €0.009m | €0.009m | €0.009m | €0.009m | = |
| Distributable reserves133 | - | - | - | €0.6m | €0.7m | €0.8m | €1.1m | €1.3m | ▲ 21.6% |
| Amounts payable17/49 | €4.1m | €3.7m | €2.4m | €2.3m | €2.1m | €1.7m | €1.5m | €1.4m | ▼ 8.3% |
| Amounts payable after more than one year17 | €0.7m | €1.8m | €1.7m | €1.1m | €1.1m | €0 | €0.4m | €0.4m | = |
| Financial debts170/4 | - | - | - | €1.0m | €1.0m | €0 | €0.4m | €0.4m | = |
| Trade debts175 | - | - | - | €0.1m | €0.1m | €0 | - | - | - |
| Amounts payable within one year42/48 | €3.4m | €1.8m | €0.7m | €1.2m | €1.0m | €1.6m | €1.1m | €1.0m | ▼ 11.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.1m | €0.03m | €0.02m | €0.02m | = |
| Financial debts43 | - | - | - | €0.2m | €0.02m | €1.0m | €0.6m | €0.06m | ▼ 88.8% |
| Credit institutions430/8 | - | - | - | €0.2m | €0.02m | €1.0m | €0.6m | €0.06m | ▼ 88.8% |
| Trade debts44 | €1.8m | €1.4m | €0.1m | €0.5m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 112% |
| Suppliers440/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.2m | €0.3m | ▲ 112% |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.4m | €0.4m | €0.3m | €0.5m | ▲ 57.9% |
| Taxes450/3 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 57.6% |
| Remuneration and social security454/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 58.4% |
| Other amounts payable47/48 | - | - | - | - | €0 | - | €0.001m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 22.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €105,147 | €230,082 | €134,105 | €186,973 | €54,209 | €86,154 | €297,405 | €234,127 | ▼ 21.3% |
| + Depreciation and write-downs630 | €366,607 | €470,806 | €464,571 | €514,833 | €550,735 | €343,740 | €172,062 | €176,222 | ▲ 2.4% |
| Operating cash flow (approximation) | €471,754 | €700,888 | €598,676 | €701,805 | €604,943 | €429,895 | €469,466 | €410,349 | ▼ 12.6% |
| Investment in fixed assets (approximation) | - | -€872,115 | -€87,481 | -€403,494 | -€88,868 | -€3,314 | -€10,890 | -€34,519 | ▼ 217% |
| Change in cash | - | €38 | €604 | -€650 | -€30 | €15,173 | -€14,096 | -€408 | ▲ 97.1% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 24-07-2026 | 2026-00345043 | NBB |
| 31-12-2024 | abbreviated format | 31-07-2025 | 2025-00350888 | |
| 31-12-2023 | abbreviated format | 31-07-2024 | 2024-00319878 | |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00307432 | |
| 31-12-2021 | abbreviated format | 27-07-2022 | 2022-20249048 | |
| 31-12-2020 | abbreviated format | 30-07-2021 | 2021-44600111 | |
| 31-12-2019 | abbreviated format | 10-11-2020 | 2020-70400558 | |
| 31-12-2018 | abbreviated format | 23-07-2019 | 2019-35900002 |
Board & ownership
Directors
Directors
3 directors, last change in 2024
Board 3
Roadmaster Management
Current
Voorzitter van raad van bestuur · appointed in the act of 18-01-2024 · Director (not named in the articles) · since 23-12-2023 · Private limited company · permanent representative: Philip VERCRUYSSE · listed in the 2025 annual accounts, filed on 24-07-2026
Beheers- en Advieskantoor Van Vaerenbergh en Co
Current
Director (not named in the articles) · since 23-12-2023 · Public limited company · permanent representative: VAN VAERENBERGH Ivo Nestor Coleta · also on the board of 3 other companies · listed in the 2025 annual accounts, filed on 24-07-2026
COMS
Current
Director (not named in the articles) · since 23-12-2023 · Private limited company (pre-2019) · permanent representative: Bailliu Rik · listed in the 2025 annual accounts, filed on 24-07-2026
Permanent representatives 3
Bailliu Rik
Current
Permanent representative · appointed in the act of 18-01-2024 · for COMS
Philip VERCRUYSSE
Current
Permanent representative · appointed in the act of 18-01-2024 · for Roadmaster Management
VAN VAERENBERGH Ivo Nestor Coleta
Current
Permanent representative · appointed in the act of 18-01-2024 · for Beheers- en Advieskantoor Van Vaerenbergh en Co
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De raad van bestuur stelt de eventuele toekenningen en verloning vast voor de gedelegeerden tot het dagelijks bestuur. Hij kan hen op elk…”
deed of 18-01-2024Owners and capital
Shareholders
2 ownersChain of control
- PRAESIDIUM
- CHIEFTAIN INVESTMENTS
- Entropia Investments
- ComBus Technologies
Owners 2
- Entropia InvestmentsparentEquity €16.2m Profit of €11,684 in 2025 (profit of €284,342 in 2024)100%
- Philip Vercruyssenatural personSourceown accounts 20210.01%
Capital transactions
Capital over time
- 18-01-2024 Capital stated in the deed · €91,968.05 · 10,788 shares
Mandate history
4 people, 3 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Beheers- en Advieskantoor Van Vaerenbergh en Co |
|
| COMS |
|
| Roadmaster Management |
|
| huidige bestuurders |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, 3”“Vergoeding bestuurders en dagelijks bestuur, algemene vergadering kan zitpenningen toekennen”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Ten minste helft der aandeelhouders in bezit van minstens drie vierden van kapitaal, VIERDE BESLUIT”
Articles of association, deed of 18-01-2024 (in Dutch)
Network & group
Companies at the same address
6 other companies- Springfield Management Registered office · since 2021 0759603139
- COMS Registered office · since 2004 0862726116
- PRAESIDIUM Registered office · since 2003 0480127135
- Roadmaster Management Registered office · since 1998 0461103851
- CHIEFTAIN INVESTMENTS Registered office · since 1991 0442636932
- Entropia Investments Registered office · since 1988 0429129879
Connections & network
7 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
CHIEFTAIN INVESTMENTS
Shared corporate director
→
Entropia Critical Concepts
Shared corporate director
→
Lipefi
Shared corporate director
→
REM. B
Shared corporate director
→
Show 3 more companies with a shared director
RENEWABLE VENTURES FUND
Shared corporate director
→
Thingpark Benelux
Shared corporate director
→
W-Kracht
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
24-07
full format · 7 days before the deadline
2025
31-07
abbreviated format · on the deadline day
2024
31-12
Financial
Highest result from 2018 to 2025net €297,405 ▲245%
The operating result of €672,031 and the net result of €297,405 are both a record.
31-12
Financial
Equity above €1mequity €1.2m ▲33.5%
With a profit in every financial year since 2018, equity grows to €1.2m.
31-07
abbreviated format · on the deadline day
18-01
Gazette deed
Appointments: ROADMASTER MANAGEMENT, COMS and BEHEERS-EN ADVIESKANTOOR VAN VAERENBERGH & C°Permanent representatives: Philip VERCRUYSSE, Bailliu Rik and VAN VAERENBERGH Ivo Nestor Coleta · Resignation: huidige bestuurders (director) · Amendment of the articles16 points ▸
Gazette deed
Appointments: ROADMASTER MANAGEMENT, COMS and BEHEERS-EN ADVIESKANTOOR VAN VAERENBERGH & C°
Permanent representatives: Philip VERCRUYSSE, Bailliu Rik and VAN VAERENBERGH Ivo Nestor Coleta · Resignation: huidige bestuurders (director) · Amendment of the articles16 points ▸
- General meeting, 28-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Director appointment, ROADMASTER MANAGEMENT (director (not named in the articles))
- Director appointment, COMS (director (not named in the articles))
- Director appointment, BEHEERS-EN ADVIESKANTOOR VAN VAERENBERGH & C° (director (not named in the articles))
- Permanent representative, Philip VERCRUYSSE
- Permanent representative, Bailliu Rik
- Permanent representative, VAN VAERENBERGH Ivo Nestor Coleta
- Registered office clause, “algemene vergadering, 8020 Oostkamp,Kanaalstraat 1A” (deed in Dutch)
- Transfer restriction, “algemene vergadering, voorkooprecht opnemen in statuten” (deed in Dutch)
- Director resignation, huidige bestuurders (director)
- Director discharge, huidige bestuurders
- The act holds 4 more points.
2023
28-07
abbreviated format · 3 days before the deadline
2022
31-12
Financial
Weakest financial yearnet €54,209 ▼71%
The net result drops to €54,209, the lowest from 2018 to 2025. It recovers the following year.
27-07
abbreviated format · 4 days before the deadline
2021
30-07
abbreviated format · 1 day before the deadline
2020
31-12
Financial
Equity above €500,000equity €561,303 ▲31.4%
With a profit in every financial year since 2018, equity grows to €561,303.
10-11
abbreviated format · 102 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
ComBus Technologies in Dutch
Enterprise number
0699.501.345
Legal form
Public limited company
Status
Active, normale toestand
Founded
02-07-2018
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-01-2024 (in Dutch)Name clauseThe company operates under this name according to its articles.
ComBus Technologies
deed of 18-01-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams gewest, 2”
deed of 18-01-2024 (in Dutch)Registered office and establishments
Registered office
Kanaalstraat 1A, 8020 Oostkamp, Belgium
Establishment unit
Kanaalstraat 1A, 8020 Oostkamp since 01-08-2018 · unit number 2.279.216.225
Activities
NACEBEL 2025VAT activities
62100
Computer programming main activity
Social security (RSZ) activities
62100
Computer programming main activity
Codes under NACEBEL 2008
VAT activities
62010
Computer programming, consultancy and related activities main activity
Social security (RSZ) activities
62010
Computer programming, consultancy and related activities main activity
Joint committee
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
Invoicing and payment
VAT number
BE 0699.501.345
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Fourth Saturday of April at 12:00
deed of 18-01-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,453 m²
Building footprint
502 m²
Building volume
1,825 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31022I0019/00N000 | Flanders | 1,453 m² | 1 · 502 m² | 5.7 m · 1 |